The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
The closing price of Rigetti Computing Inc (NASDAQ: RGTI) was $7.91 for the day, down -15.40% from the previous closing price of $9.35. In other words, the price has decreased by -$15.40 from its previous closing price. On the day, 61.91 million shares were traded.
Ratios:
Our analysis of RGTI’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 17.42 and its Current Ratio is at 17.42. In the meantime, Its Debt-to-Equity ratio is 0.07 whereas as Long-Term Debt/Eq ratio is at 0.05.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Craig Hallum on December 20, 2024, initiated with a Buy rating and assigned the stock a target price of $12.
On July 25, 2024, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $3.
On March 01, 2024, Alliance Global Partners started tracking the stock assigning a Buy rating and target price of $3.50.Alliance Global Partners initiated its Buy rating on March 01, 2024, with a $3.50 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 20 ’25 when Danis Richard bought 20,609 shares for $11.47 per share.
Danis Richard bought 100,000 shares of RGTI for $1,839,000 on Jan 08 ’25. On Jan 06 ’25, another insider, Danis Richard, who serves as the Former Officer of the company, bought 102,852 shares for $19.02 each.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 177.62 while its Price-to-Book (P/B) ratio in mrq is 17.72.
Stock Price History:
Over the past 52 weeks, RGTI has reached a high of $21.42, while it has fallen to a 52-week low of $0.66. The 50-Day Moving Average of the stock is -34.28%, while the 200-Day Moving Average is calculated to be 86.04%.
Shares Statistics:
A total of 283.55M shares are outstanding, with a floating share count of 230.47M. Insiders hold about 4.88% of the company’s shares, while institutions hold 28.32% stake in the company.
